Usually means: Converting assets into stream payments.
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We found 7 dictionaries that define the word annuitization:

General (4 matching dictionaries)
  1. annuitization: Merriam-Webster
  2. annuitization: Wordnik
  3. annuitization: Dictionary.com
  4. annuitization: Wiktionary

Business (3 matching dictionaries)
  1. Annuitization: Investopedia
  2. Annuitization: Financial dictionary
  3. Yahoo Tax Center Glossary (No longer online)

Definitions from Wiktionary (annuitization)

noun:  (economics) The process or the result of annuitizing an annuity.

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